55,000 Shares in The RealReal, Inc. $REAL Acquired by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in The RealReal, Inc. (NASDAQ:REAL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 55,000 shares of the company’s stock, valued at approximately $499,000.

A number of other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the last quarter. Cannell Capital LLC increased its stake in shares of RealReal by 75.3% in the 2nd quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock valued at $6,846,000 after purchasing an additional 613,845 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of RealReal in the 4th quarter valued at $8,510,000. Counterpoint Mutual Funds LLC bought a new position in shares of RealReal in the 1st quarter valued at $4,475,000. Finally, Renaissance Technologies LLC raised its holdings in shares of RealReal by 147.3% during the 4th quarter. Renaissance Technologies LLC now owns 755,500 shares of the company’s stock worth $11,922,000 after buying an additional 450,000 shares in the last quarter. 64.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on REAL. Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. UBS Group reiterated a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Roth Capital set a $17.00 target price on shares of RealReal in a report on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and issued a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Insider Activity

In related news, CFO Gopal Ajay Madan sold 35,023 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $323,962.75. Following the completion of the transaction, the chief financial officer owned 1,145,278 shares in the company, valued at $10,593,821.50. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of RealReal stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $111,712.25. Following the sale, the chief accounting officer owned 189,469 shares in the company, valued at approximately $1,752,588.25. This represents a 5.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 166,830 shares of company stock valued at $1,543,178. 2.66% of the stock is currently owned by company insiders.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $11.37 on Friday. The RealReal, Inc. has a 52-week low of $5.00 and a 52-week high of $17.39. The company has a market capitalization of $1.37 billion, a PE ratio of -11.15 and a beta of 2.66. The company has a fifty day moving average of $10.67 and a 200-day moving average of $11.56.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $189.72 million for the quarter, compared to analyst estimates of $187.82 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, equities analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.